Taiwan Semiconductor Manufacturing Co. (TSMC) shares on the Taiwan Stock Exchange (Taiex) surpassed the NT$2,000 mark for the first time on Wednesday. The stock finished the session at NT$2,015.00.
The Taiex jumped 712.25 points, or 2.05 percent, to close at a new record high of 35,413.07. TSMC’s price movement accounted for approximately 400 points of the index's total rise.
The rally followed a 4.25 percent overnight increase in TSMC’s American Depositary Receipts (ADRs). Analysts link the performance to investor optimism regarding the global artificial intelligence boom. TSMC maintains a critical role as the primary manufacturer of high-end AI chips.